This comprehensive book brings together research published during 2021 analysing the impact of the Covid-19 pandemic on the economy – on output and employment, on inequality, and on public policy responses.
The Covid-19 pandemic has been the greatest public health crisis for a century – since the ‘Spanish Flu’ pandemic of 1919. The economic impact has been equally seismic. While it is too early to measure the full economic cost – since much of this will continue to accumulate for some time to come – it will certainly be one of the greatest global economic shocks of the past century.
Some chapters in this edited volume report on specific countries, while some take a comparative look between countries, and others analyse the impact upon the global economy. Even before the Covid-19 pandemic, there had been calls for a ‘great reset’ in face of the climate crisis, the increased income and wealth inequality, and the need to avoid further global financial crisis. With the devastating Covid-19 pandemic – a harbinger for further such pandemics – there is an even greater need for a reset, and for the reset to be that much greater.
The chapters in this book were originally published as special issues in the journal International Review of Applied Economics.
Edited by:
Jonathan Michie (Oxford University UK),
Maura Sheehan
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions:
Height: 246mm,
Width: 174mm,
Weight: 453g
ISBN: 9781032309590
ISBN 10: 1032309598
Pages: 344
Publication Date: 27 May 2024
Audience:
College/higher education
,
Primary
Format: Paperback
Publisher's Status: Active
Introduction: Building back better? Part 1: Causes, Effects and Impact of the COVID-19 Crisis 1. Organizational participation in post-covid society: its contributions and enabling conditions 2. The psychological consequences of COVID-19 lockdowns 3. COVID-19: effectiveness of socioeconomic factors in containing the spread and mortality 4. Is there a shift contagion among stock markets during the COVID-19 crisis? Further insights from TYDL causality test 5. Health risk and the efficient market hypothesis in the time of COVID-19 6. Behavioral finance and market efficiency in the time of the COVID-19 pandemic: does fear drive the market? 7. Analysis of containment measures and economic policies arising from COVID-19 in the European Union 8. Covid 19: Ramifications for progress towards the sustainable development goals (SDGs) in Nigeria 9. The political risk factors of COVID-19 10. A green new deal and debt sustainability for the post COVID-19 world 11. COVID-19 and the Chinese economy: impacts, policy responses and implications Part 2: Covid-19, Inequality, and Government Responses 12. The ‘Great Reset’ to tackle Covid-19 and other crises 13. The Covid-19 pandemic and economic stimulus in India: has it been a hostage of macroeconomic complications? 14. Accounting for global value chains: rising global inequality in the wake of COVID-19? 15. Impact of pandemics on income inequality: lessons from the past 16. The Korean government’s public health responses to the COVID-19 epidemic through the lens of industrial policy 17. The impact of COVID-19 on the Indian economy 18. An empirical analysis of COVID-19 response: comparison of US with the G7
Jonathan Michie is Professor of Innovation and Knowledge Exchange at the University of Oxford, where he is also President of Kellogg College. He is the managing editor of the International Review of Applied Economics, and Chair of the Universities Association for Lifelong Learning. Maura Sheehan is Professor of International Management at Edinburgh Napier University. She is Associate Editor of the International Review of Applied Economics and Editor in Chief of the Journal of Organisational Effectiveness: People and Performance (JOEPP).
